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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CLW
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Green day on Friday for Clearwater Paper Corporation
(Updated on May 03, 2024)

Buy candidate since Apr 30, 2024 Gain 0.40% PDF

The Clearwater Paper Corporation stock price gained 0.80% on the last trading day (Friday, 3rd May 2024), rising from $44.86 to $45.22. During the last trading day the stock fluctuated 3.19% from a day low at $44.67 to a day high of $46.09. The price has risen in 7 of the last 10 days and is up by 12.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 104 thousand more shares were traded than the day before. In total, 187 thousand shares were bought and sold for approximately $8.48 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.34% during the next 3 months and, with a 90% probability hold a price between $50.04 and $58.21 at the end of this 3-month period.

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CLW Signals & Forecast

Mostly positive signals in the chart today. The Clearwater Paper Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $42.92 and $41.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 15.30%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Clearwater Paper Corporation stock

Clearwater Paper Corporation finds support from accumulated volume at $45.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.43 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 4.97%.

Our recommended stop-loss: $43.66 (-3.46%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (CLW) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Clearwater Paper Corporation to open at $45.33, and during the day (based on 14 day Average True Range), to move between $43.84 and $46.60, which gives a possible trading interval of +/-$1.38 (+/-3.06%) up or down from last closing price. If Clearwater Paper Corporation takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $45.04, some $0.180 (0.40%) from the current price of $45.22, our system finds the risk reward attractive.

Is Clearwater Paper Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Clearwater Paper Corporation stock to perform well in the short-term.

Current score: 4.661 Buy Candidate Unchanged

Predicted Opening Price for Clearwater Paper Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$45.33 ( 0.232%) $45.22

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CLW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 46.75 3.38 %
R2 46.21 2.18 %
R1 45.87 1.44 %
Current price: 45.22
Support S1 44.78 -0.97 %
S2 44.44 -1.72 %
S3 43.90 -2.92 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 45.22
Support S1 45.04 -0.398%
S2 40.98 -9.38%
S3 38.93 -13.91%

FAQ

What is the symbol for Clearwater Paper Corporation Stock and on which exchange is it traded?
The symbol for Clearwater Paper Corporation is CLW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Clearwater Paper Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Clearwater Paper Corporation stock to perform well in the short-term.

How to buy Clearwater Paper Corporation Stock?
Clearwater Paper Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Clearwater Paper Corporation Stock.

What's the current price of Clearwater Paper Corporation Stock?
As of the end of day on the May 03, 2024, the price of an Clearwater Paper Corporation (CLW) share was $45.22.

What is the 52-week high and low for Clearwater Paper Corporation Stock?
The 52-week high for Clearwater Paper Corporation Stock is $47.98 and the 52-week low is $29.24.

What is the market capitalization of Clearwater Paper Corporation Stock?
As of the May 03, 2024, the market capitalization of Clearwater Paper Corporation is 754.202M.

When is the next earnings date for Clearwater Paper Corporation?
The upcoming earnings date for Clearwater Paper Corporation is Jul 30, 2024.
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About Clearwater Paper Corporation

Clearwater Paper Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and carded packaging products, top sheet and commercial printing items, and softwood pulp products, as well as custom... CLW Profile

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